Finding a Top Financial Advisor Firm in El Paso, Texas
Finding the right financial advisor can be a challenging undertaking. To simplify the search, SmartAsset narrowed it down to the top financial advisor firm in El Paso, Texas. The information below will aid you in deciding if this firm is right for you based on its investing strategy, account minimum and more. In addition, you can use SmartAsset’s financial advisor matching tool, which will pair you with an advisor in your area.
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Lauterbach Financial Advisors, LLC
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How We Found the Top Financial Advisor Firm in El Paso, Texas
Only financial advisor firms in El Paso, Texas that are registered with the U.S. Securities and Exchange Commission (SEC) were considered for this list, as all SEC-registered firms are fiduciaries. Out of those firms, we removed any that had disciplinary issues on record with the SEC, did not manage individual accounts or did not offer financial planning. The remaining firm is listed below.
Lauterbach Financial Advisors, LLC is a fee-only financial advisor firm that works with individuals, small businesses, qualified retirement plans and trusts. The firm’s client base is split between high-net-worth and non-high-net-worth investors. To open an advisory account with this firm, you’ll need a minimum of $400,000 in investable assets.
Considering this firm has just a six-man advisory team, it has a rather strong showing of tax management-related certifications. There are three certified public accountants (CPAs) on staff. Additionally, there are four certified financial planners (CFPs), two personal financial specialists (PFSs) and one certified valuation analyst (CVA). Lauterbach also has a wealth advisor, Miguel Gomez, CFP, who is designated by the firm as an advisor specifically for Hispanic investors.
This firm offers pension consulting services for both plan sponsors and plan participants. It prioritizes transparency in this process to ensure that it’s acting as a fiduciary for both parties.
Lauterbach Financial Advisors, LLC Background
Founded in 1999, Lauterbach Financial Advisors, LLC is now principally owned by three of the firm’s employees (Jon Sonnen, president and senior wealth advisor, Suzanne Lindau, vice president and wealth advisor, and Billy DeFrance, CCO and wealth advisor), as well as six individuals outside of the firm and the holding company Lauterbach Limited Partnership. The firm’s advisors have spent a combined 158 years in the financial services industry.
Besides working extensively with employee benefit retirement plans, this firm also offers services like estate planning, income and tax management, retirement planning, trust plan design, structures for business sales, higher education funding and insurance review.
Lauterbach Financial Advisors, LLC Investing Strategy
Following the ideology behind modern portfolio theory (MPT), Lauterbach Financial Advisors, LLC believes that choosing the right investment markets is the key to a portfolio’s long-term success, as opposed to chasing stocks that are outperforming the market at specific times. Instead of utilizing increasingly popular actively managed funds, this firm uses passively managed funds, such as indexed, open-end mutual funds, exchange-traded funds (ETFs) and conservative fixed income securities.
The makeup of your portfolio will depend on a number of factors though, including your investment goals, risk tolerance and time horizon. Once a proper assessment of your personal financial situation is finished, a plan will be put together featuring a certain combination of the above passive investments.